Boston Mountain Money Management Inc. Has $292,000 Stock Position in Unilever PLC (NYSE:UL)

Boston Mountain Money Management Inc. lifted its stake in Unilever PLC (NYSE:UL) by 11.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,488 shares of the company’s stock after purchasing an additional 459 shares during the quarter. Boston Mountain Money Management Inc.’s holdings in Unilever were worth $292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of UL. Fiera Capital Corp lifted its stake in Unilever by 1,866.0% in the 2nd quarter. Fiera Capital Corp now owns 2,135,859 shares of the company’s stock worth $117,451,000 after acquiring an additional 2,027,221 shares in the last quarter. Equity Investment Corp lifted its stake in Unilever by 107.1% in the 1st quarter. Equity Investment Corp now owns 2,910,751 shares of the company’s stock worth $146,091,000 after acquiring an additional 1,505,233 shares in the last quarter. Bank of Montreal Can lifted its stake in Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company’s stock worth $98,204,000 after acquiring an additional 1,248,136 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Unilever by 598.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,301,239 shares of the company’s stock worth $71,555,000 after acquiring an additional 1,114,992 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Unilever by 26.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,384,944 shares of the company’s stock worth $241,145,000 after acquiring an additional 911,443 shares in the last quarter. Institutional investors and hedge funds own 9.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UL shares. TD Cowen started coverage on Unilever in a research note on Tuesday, July 23rd. They set a “buy” rating and a $67.00 price target for the company. StockNews.com raised Unilever from a “hold” rating to a “buy” rating in a research note on Friday, October 4th. UBS Group raised Unilever to a “strong sell” rating in a research note on Tuesday, July 30th. Finally, Bank of America raised Unilever from an “underperform” rating to a “buy” rating and raised their price target for the stock from $47.00 to $72.00 in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Unilever presently has an average rating of “Hold” and a consensus price target of $61.75.

Unilever Stock Performance

UL traded up $0.06 during midday trading on Monday, reaching $62.85. The company’s stock had a trading volume of 161,743 shares, compared to its average volume of 2,660,381. The company has a fifty day simple moving average of $63.50 and a 200 day simple moving average of $57.33. Unilever PLC has a twelve month low of $46.16 and a twelve month high of $65.87.

Unilever Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 9th were issued a dividend of $0.4773 per share. This represents a $1.91 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, August 9th. This is a positive change from Unilever’s previous quarterly dividend of $0.46.

About Unilever

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.